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Gold extends record run to above $2,570
The break above $2,531.75 yesterday in the Gold price has not yet looked back. An update sent out here when the metal lifted above $2,535 warned the reader on that prospect. So, the metal continued to hold its record gains and advance further into the US close, where it ended that session at $2,557.90. Today it has continued to press higher and now reached a new all time record high, at $2,570.30 a short while ago. Gold has been assisted by the usual Yen/Gold dynamic, as the USD/JPY falls back below 141 this morning. US treasury yields are now a little lower once more and that has helped too. Gold is currently trading at $2,566.25
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